Nvidia strikes $12.9bn deal to buy AI platform Hugging Face

Nvidia is acquiring AI platform Hugging Face for $12.9 billion, according to the company. The deal aims to strengthen Nvidia's position in open AI models, with over 200,000 companies using the platform. Nvidia CEO Jensen Huang assured that Hugging Face will remain open and neutral, despite the acquisition.

Nvidia plans to acquire Hugging Face for $12.9 billion. The platform hosts millions of AI models, datasets, and applications, used by 18 million developers and 200,000 companies. Nvidia assures Hugging Face will remain open, supporting various models, frameworks, and cloud providers. Nvidia is a major contributor to the platform with over 500 models and 250 datasets.

Nvidia agreed to acquire AI model platform Hugging Face for $13 billion, aiming to accelerate open AI model adoption. Hugging Face hosts millions of models and datasets, promoting open AI systems. Nvidia, the world's most valuable company, seeks to expand its ecosystem and reduce reliance on a few major customers. The deal is expected to close by 2027, pending regulatory approval.

Commerce Secretary Howard Lutnick confirmed upcoming semiconductor tariffs, with exemptions for US-based production. Nvidia's CEO, Jensen Huang, distanced himself from the policy. Phase Two tariffs will be broader than Phase One, affecting servers, laptops, and gaming hardware. Specific rates, exemptions, and timelines remain unspecified. The tariffs, under Section 232, will be permanent unless removed by the president. TSMC's US investments may partially offset tariffs, but many organizations f

Nvidia will acquire AI platform Hugging Face for $12.9B, with $11.9B in cash and $1B in equity awards. The deal, expected to close by H1 2027, aims to leverage Hugging Face's open-source models for growth, despite some customers developing their own chips. Nvidia CEO Jensen Huang stated the platform hosts over 3M models and 500K datasets. The acquisition may help Nvidia offset potential chip demand slowdowns.

Nvidia agreed to acquire Hugging Face for $12.9B, with the deal expected to close by mid-2027. The acquisition includes $11.9B for stockholders and up to $1B in retention awards. Nvidia plans to keep Hugging Face's platform open, allowing free sharing of AI models and datasets. Hugging Face CEO Clément Delangue initiated the deal, citing the need for more resources and scale. Nvidia's CEO Jensen Huang emphasized the benefits of open models for safety and innovation. The acquisition is Nvidia's s